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Royce Value Trust

104 hedge funds and large institutions have $317M invested in Royce Value Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 36

2% less capital invested

Capital invested by funds: $325M → $317M (-$7.88M)

1.19% less ownership

Funds ownership: 29.08%27.89% (-1.2%)

3% less funds holding

Funds holding: 107104 (-3)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
104
Holders Change
-3
Holders Change %
-2.8%
% of All Funds
2.99%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
7
Increased
36
Reduced
36
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$59.4M +$7.32M +469,404 +14%
RVP
2
Relative Value Partners
Illinois
$35.5M -$822K -52,759 -2%
GFM
3
Gramercy Funds Management
Connecticut
$26M -$1.51M -96,746 -6%
Wells Fargo
4
Wells Fargo
California
$25.1M -$647K -41,476 -3%
RCM
5
Rivernorth Capital Management
Florida
$23.7M -$630K -40,393 -3%
U
6
UBS
Switzerland
$12.9M +$703K +45,087 +6%
NSAM
7
North Star Asset Management
Wisconsin
$9.24M -$323K -20,712 -3%
RJA
8
Raymond James & Associates
Florida
$8.04M +$314K +20,163 +4%
Invesco
9
Invesco
Georgia
$7.76M -$715K -45,850 -9%
LPL Financial
10
LPL Financial
California
$6.33M -$86.6K -5,557 -1%
Bank of America
11
Bank of America
North Carolina
$5.84M +$882K +56,552 +18%
GC
12
Guggenheim Capital
Illinois
$5.17M +$1.33M +85,548 +36%
CFN
13
Cordasco Financial Network
Florida
$4.45M +$379K +24,289 +10%
Cohen & Steers
14
Cohen & Steers
New York
$4.32M -$361K -23,172 -8%
SG Americas Securities
15
SG Americas Securities
New York
$4.24M +$78.7K +5,046 +2%
KIM
16
Karpus Investment Management
New York
$3.83M -$671K -43,021 -15%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$3.66M +$31.6K +2,028 +0.9%
FC
18
FCA Corp
Texas
$3.64M +$78.8K +5,053 +2%
PFM
19
Parsec Financial Management
North Carolina
$3.41M -$89.2K -5,722 -3%
SCM
20
Sterneck Capital Management
Missouri
$3.12M -$537K -34,464 -15%
BI
21
Bulldog Investors
New Jersey
$2.89M -$1.26M -81,046 -31%
GAI
22
General American Investors
New York
$2.87M +$53.2K +3,416 +2%
Brown Advisory
23
Brown Advisory
Maryland
$2.87M +$795 +51 +0%
RIL
24
Rothschild Investment LLC
Illinois
$2.43M +$11.5K +736 +0.5%
CAN
25
Cetera Advisor Networks
California
$2.42M -$66.3K -4,253 -3%

RVT Hedge Fund Activity: Q2 2014 in Review

104 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q2 2014, worth a combined $317M — down 2.4% from $325M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of RVT and 7 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 36 added.

The largest buyer was Morgan Stanley, adding an estimated $7.32M. The largest seller was Moore Capital Management, exiting entirely with an estimated $12.2M sold.

  • 104 institutional investors held Royce Value Trust (RVT) as of Q2 2014, down from 107 in Q1 2014.
  • Funds reported $317M of Royce Value Trust stock for Q2 2014, down 2.4% quarter-over-quarter.
  • 7 funds opened new Royce Value Trust positions in Q2 2014 and 10 closed out, a net change of -3 holders.
  • The largest Royce Value Trust buyer in Q2 2014 was Morgan Stanley, an estimated $7.32M added.
  • The largest Royce Value Trust seller in Q2 2014 was Moore Capital Management, an estimated $12.2M sold.

Based on aggregated 13F filings for Q2 2014.